ENEDEX: DeFi’s role in the Hydrogen revolution
Decentralized exchange ENEDEX is the next evolution of quantum proof, cross chain energy trading built on Polkadot, Moonbeam and DCore for trading renewable energy products.
Paris, December 12, 2015: 195 countries sign a legally binding agreement to keep global warming well below 2°C — an ambitious goal that will require the economies around the globe to decarbonize large parts of the world’s energy system.
What is hydrogen?
Hydrogen is the chemical element which happens to be the most abundant chemical substance in the universe that could replace hydrocarbon products. Hydrogen can be produced from a variety of resources, such as natural gas, nuclear power, biogas and renewable power like solar and wind. Green hydrogen is produced from renewable energy and blue hydrogen is produced from natural gas. Green hydrogen is especially important as a future clean energy source.
This energy transition faces challenges and hydrogen is shaping out to be one of the solutions available to us. Hydrogen is a versatile, clean, and safe energy carrier that can be used as fuel for power or in industry as feedstock. It can be produced from (renewable) electricity and from carbon-abated fossil fuels. It produces zero emissions at point of use. It can be stored and transported at high energy density in liquid or gaseous form. It can be combusted or used in fuel cells to generate heat and electricity. The benefits of hydrogen are compelling, and it provides a promising pathway for the energy transition
Countries around the world are already betting on hydrogen as a viable renewable energy source. Today’s largest H2 economies are South Korea, Japan and Germany that are at the forefront of hydrogen innovation.
For hydrogen as a renewable energy source to compete with traditional hydrocarbon products it will have to be produced at competitive costs. Scaling up production is crucial to bring costs down. Hydrogen is at its inflection point as the market and industry are stepping up efforts to embrace the fuel, but expansion and increased use of hydrogen the development of a trading model is crucial for cargoes to flow bringing the commodity to physical markets and for consumption to take off.
Traditional oil and gas majors, large utilities and other big energy traders are shaping up to take advantage of the H2 revolution. Hydrogen is at a cross road with many of the existing energy sources like bunker fuel in the maritime sector, gasoline and diesel in the automotive sector and natural gas in the heavy industrial sectors. The use case is crystal clear and the opportunity to generate future profits is getting bigger with the day.
ENEDEX and DeFi’s intersection with H2
ENEDEX is designed as the next step forward in the trading space with a sole focus on energy. Building on the strong fundamentals of the DCore Blockchain, ENEDEX will be implementing technologies of Polkadot and Moonbeam on top of DCore to offer near gas-less fees, removing expensive traditional middlemen, offering fractional trading and near-immediate settlement. ENEDEX is poised to revolutionise energy trading by democratizing energy trading through the offer of products that enable fractional volumes at minimal costs and near-immediate settlement in a decentralized environment.
Agility is a strong force for savvy DeFi developers. By developing new governance tokens on DeFi everyone is now able to access the traditional energy markets and be part of the energy transition building innovative products supporting sustainable energy initiatives and front run the traditional market players levelling the playing field. ENEDEX provides the platform for DeFi developers to build energy trading products that enable the transitional move to a clean environment in a decentralized and cost efficient way. The future of energy is rapidly moving towards clean fuels. New markets for these fuels are in full swing and are being developed as we speak. Huge opportunities will arise from the sustainable energy movement that will involve replacing hydrocarbon products with hydrogen, solar, wind, biofuels, and other renewable energy products that enable a net zero carbon environment. Hydrogen is one of those opportunities and will compete with existing hydrocarbon fuels. DeFi has a role to play providing access beyond the energy elite of Big Oil and democratize access to the renewable energy markets taking the lead and accelerating the movement towards a clean and sustainable world. ENEDEX is a DEX for trading and a platform for sustainable energy start-ups to raise capital and list their tokens in a decentralized and interoperable environment. Algorithms, and not centralised powers, should be at the core of a better environment. ENEDEX has a mission to create a decentralized energy market open for all.
How to participate?
Private Sale process:
1 — Visit our site https://enedex.org/en/
2 — Fill out the Request Form under Private Sale and complete KYC Blockpass.
3 — Enedex team will send you a SAFT per email for your signature.
4 — Complete transfer as per Clause 5 in the SAFT.
Join the Future of Energy Trading!
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